Navi Mumbai's Airoli and Vashi see surging demand for office spaces as tech giants expand, pushing rents up 10% YoY amid Mumbai's cost challenges
Hyderabad's office leasing activity exceeds 2023 averages by 11%, reaching 2.5 million sq ft in one month, driven by business expansion.
The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.
Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Ishaan Real Estate Plc has leased 577,000 sq. ft. of office and retail space, predicting strong progress in construction and pre-selling residential units in Mumbai.